With my recent PTO payout, I paid a little extra to various debts. However, I'm almost positive I miscalculated and have an extra $423! I'm going to wait until midweek next week to make sure that my mushy brain didn't accidentally not account for something. However, I checked several times and am almost positive that that money is available. (I'm also the person who wore slippers out of the house the other morning. Luckily, I only drove up my street before I realized I wasn't actually wearing shoes.)
With that, I will be paying off the $305 balance on my NFL Points card and putting the remainder into savings.
I also adjusted my direct deposits amounts to send $125 more to our main account each paycheck. I now contribute $2800/mo to our joint expenses. DH's contributions are variable, but at least $2k/mo. Percentage-wise, DH contributes significantly more of his paycheck since he didn't have any debt before we got married other than his car.
Even though we make decent money, I'd always felt like we were drowning. Looking at my forecasts though, this is the first time in a long time that I feel good about where we're headed. *Knock on all the wood...*
One question that has been on my mind, should I reduce all debt payments to the minimum to build our joint account back to living on last month's income before the baby comes? I feel like our budgeting would be smoother if we could get back there, but I'm not sure if the focus should be on that or paying off as much debt as possible to maximize our future disposable income.
Another one down...probably
February 23rd, 2018 at 02:45 pm
February 23rd, 2018 at 04:22 pm 1519402936
To help you figure it out...you might also compare what progress you could make before the baby comes with each scenario you are contemplating. Know the extra interest paid if you focus on building up cash reserves.
February 23rd, 2018 at 04:49 pm 1519404550
February 24th, 2018 at 01:38 am 1519436302
February 25th, 2018 at 05:01 pm 1519578107
February 25th, 2018 at 07:13 pm 1519586005